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Tanzanian Gold Announces the Sale of Common Shares of $1,530,700
Tue April 30, 2019 6:00 AM|GlobeNewswire|About: TRX
TORONTO, April 30, 2019 (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, formerly known as Tanzanian Royalty Exploration Corporation (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce the entering into subscription agreements for the sale of 2,316,084 common shares at $0.6609 per share raising $1,530,700 in the aggregate with certain investors.
The proceeds from the sale of common shares will be used in furtherance of the Company’s Three-Phase Drill Program at the Buckreef Project previously announced.
The common shares are being offered pursuant to an effective shelf registration statement on Form F-3, which was previously filed with the Securities and Exchange Commission and declared effective on September 5, 2018. The sale of the common shares is expected to close on or around May 2, 2019, subject to the satisfaction of customary closing conditions, including acceptance of the listing of the common shares by the NYSE American and the Toronto Stock Exchange.
“James E. Sinclair”
James E. Sinclair
For further information, please contact Michael Martin, Investor Relations, email@example.com, 860-248-0999, or visit the Company website at www.tanzanianroyalty.com
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